JPY Daily News

Yen Losing Ground on All Fronts

The JPY saw a bearish trading session yesterday, losing ground against most of its currency crosses. The JPY fell sharply against the Sterling Pound, pushing the oft-traded currency pair to 152.50. The Japanese yen experience similar behavior against the EUR and closed at 130.55.

The Japanese market should have a heavy effect on the JPY versus its major currency counterparts, as the Overnight Call Rate will be announced today. The rate is expected to remain unchanged, but traders should pay close attention to the BoJ Press Conference that will follow to look for expectations of Japan's economic future. A bullish statement from the BoJ could lead some traders to believe that it is forecasting a rosier financial climate in Japan.

Current Time: 05/27 04:32 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
07/15
		JPY	BoJ Press Conference		*	*	*
	05:35	JPY	Monetary Policy Statement		*	*	*
	05:35	JPY	Overnight Call Rate		0.10%	0.10%	0.10%
	00:50	JPY	Tertiary Industry Activity Index	m/m	2.2%	0.3%	-0.1%